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REGISTERED NUMBER: 11685843 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

T M CHEMICALS LIMITED

T M CHEMICALS LIMITED (REGISTERED NUMBER: 11685843)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


T M CHEMICALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: P Forrester
Mrs K L Forrester
Mrs N M Sidwell





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 11685843 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

T M CHEMICALS LIMITED (REGISTERED NUMBER: 11685843)

STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 250 300
Tangible assets 5 2,572 3,512
2,822 3,812

CURRENT ASSETS
Stocks 21,745 20,510
Debtors 6 92,038 81,934
Cash at bank 2,683 3,639
116,466 106,083
CREDITORS
Amounts falling due within one year 7 104,116 88,492
NET CURRENT ASSETS 12,350 17,591
TOTAL ASSETS LESS CURRENT LIABILITIES 15,172 21,403

CREDITORS
Amounts falling due after more than one year 8 (15,670 ) (25,797 )

PROVISIONS FOR LIABILITIES (488 ) (667 )
NET LIABILITIES (986 ) (5,061 )

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (1,136 ) (5,211 )
SHAREHOLDERS' FUNDS (986 ) (5,061 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

T M CHEMICALS LIMITED (REGISTERED NUMBER: 11685843)

STATEMENT OF FINANCIAL POSITION - continued
30TH NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th March 2024 and were signed on its behalf by:





P Forrester - Director


T M CHEMICALS LIMITED (REGISTERED NUMBER: 11685843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

T M Chemicals Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Income is recognised when the right to consideration becomes due.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
Despite the company showing net liabilities, the financial statements have been prepared on a going concern basis. The director will continue to support the company for a period in excess of twelve months from the date of approval of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

T M CHEMICALS LIMITED (REGISTERED NUMBER: 11685843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 500
AMORTISATION
At 1st December 2022 200
Charge for year 50
At 30th November 2023 250
NET BOOK VALUE
At 30th November 2023 250
At 30th November 2022 300

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st December 2022
and 30th November 2023 6,133 700 6,337 13,170
DEPRECIATION
At 1st December 2022 3,119 335 6,204 9,658
Charge for year 753 54 133 940
At 30th November 2023 3,872 389 6,337 10,598
NET BOOK VALUE
At 30th November 2023 2,261 311 - 2,572
At 30th November 2022 3,014 365 133 3,512

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 92,038 81,934

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,079 17,951
Trade creditors 29,392 21,552
Taxation and social security 39,278 47,383
Other creditors 2,367 1,606
104,116 88,492

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 15,670 25,797

T M CHEMICALS LIMITED (REGISTERED NUMBER: 11685843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review, Directors received loans from the company which are repayable on demand and have had interest charged on their loan at 2%/2.25%.

The company made advances of £61,497 (2022: £80,561) to the directors, against which credits were made of £55,187 (2022: £62,214).

At the year end, the amount owed to the company by the directors was £64,927 (2022: £58,617). This is included within other debtors.

There are no conditions attached to advances to the director, however, the director must ensure that this is not detrimental to the company.